NOT LISTED FOR SALE
10 Beds
14 Baths
6,515 Sq Ft
1964 Built

Last Sold April 26, 2017

Last sale price $2,300,000 $353 Per Sq Ft

8 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Front Yard
  • J. H. Hull Middle School Rated A-
  • Landscaped
  • 4-minute walk to Torrance Park

About This Home

As of April 2017

Pride of ownership professionally managed 10 unit. One block from Gramercy Park and five blocks from Wilson Park Excellent location in central Torrance. Walking distance to Torrance High School

Last Agent to Sell the Property

Tim Marshall

Timothy Marshall License #00328922 Listed on: 02/13/2017

Last Buyer's Agent

Gary Richardson

Strand Hill Properties License #00466560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,335 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 6,515 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 14 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 1952
  • Assessor Parcel Number 7357008008

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Gardener Expense $1,100
  • Insurance Expense $2,400
  • Professional Management Expense $4,700
  • Trash Expense $2,300
  • Water Sewer Expense $1,100
  • New Taxes Expense $27,000
  • Operating Expense $41,700
  • Gross Income $144,840
  • Net Operating Income $8,670

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

10

Listing Details

  • Assessments: No
  • CapRate: 4.40
  • Professional Management Expense: 4700.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1100.00
  • Zoning: TORR-MD
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 7357008008
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 353.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sewer: Sewer Paid
  • Trash Expense: 2300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Rectangular Lot, Level
  • Lot Size Sq Ft: 9335.00

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average Studio Area: 600 Square Feet
  • Electric Expense: 500.00
  • Gross Income: 144840.00
  • Gross Scheduled Income: 12070.00
  • Gross Spendable Income: 103140.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 8670.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 3400.00
  • Rent Control: No
  • Total Expenses: 41700.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Census Tract: 6509.02
  • Tax Lot: 5
  • Tax Tract Number: 1952

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2017 04/26/17 Sold $2,300,000 +0.2% $353 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $2,295,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17025955

California Regional Multiple Listing Service (CRMLS)